Climate change cannot be rectified merely through economics, Environment Minister Anil Madhav Dave said today while stressing on the need to mobilise financial resources for clean and green investment.

Inaugurating a workshop on private sector facility under Green Climate Fund (GCF), he said Indian agricultural scientists were fully capable of meeting the demands of the country’s farmers. (PTI)

Climate change cannot be rectified merely through economics, Environment Minister Anil Madhav Dave said today while stressing on the need to mobilise financial resources for clean and green investment.

Inaugurating a workshop on private sector facility under Green Climate Fund (GCF), he said Indian agricultural scientists were fully capable of meeting the demands of the country’s farmers.

“The minister emphasised that Indian agricultural scientists are perfectly capable of meeting the demands of our farmers. The minister said that climate change cannot be rectified merely through economics,” a statement quoting him said.

Dave laid emphasis on the need to mobilise financial resources for clean and green investment and sought greater involvement of stakeholders in the planning process.

He also underlined the need to devise a framework for impact assessment after completion of project and building of sustainability through traditional knowledge.

In a first, the workshop provided an opportunity to the private sector to understand and explore funding opportunities which the GCF offers them to move towards low emission and climate-resilient development pathways.

The Environment Ministry along with National Bank for Agriculture and Rural Development (NABARD) jointly organised the workshop.

Highlighting the importance of GCF mechanism, Joint Secretary in the Environment Ministry Ravi Shankar Prasad stressed on the need for submission of quality proposals in line with national priorities.

NABARD Deputy Managing Director H R Dave said there was a need to generate transformational and high impact projects under GCF and indicated that NABARD will provide all necessary support in the process.